Yodel failed to turn a profit for the eighth consecutive year in its recently closed financial year, and CEO Mike Cooper has admitted its owners regularly give him “a hard time”. The parcel carrier has never managed turned a profit, making a pre-tax loss of £50.4m in its most recently published results, for the year ended 30 June 2016. Asked whether the business had turned things around for the year ended this July, Cooper told MT that while Yodel hadn’t […]
Arrow XL has spent £500,000 on 19 new double deck trailers for its fleet, which it said will provide greater efficiencies in terms of fleet capacity, fuel economy and environmental footprint.
Yodel owners, the Barclay family are thought to be considering offloading the troubled company.
Christmas 2012 was another record-breaking year for parcel carriers, with many reporting volumes that made 2011’s peak seem a simple task. With year-on-year volumes rising every Christmas and the online retail boom not showing any signs of slowing down, how are carriers ensuring they are well prepared for 2013’s peak? Retailers again reported record-breaking internet sales over the festive period. Web sales were up 44% for City Link customer John Lewis, and 11% for Hermes customer Next. Debenhams also saw […]